JPMorgan Chase expands JPM Coin to the Ethereum mainnet, providing services to institutional clients

JPMorgan Chase will expand the JPM Coin USD deposit token to the Ethereum mainnet, providing services to institutional clients. The token was previously launched on Base in 2025. JPM Coin represents actual bank deposits and enables almost real-time peer-to-peer transfers and settlements 24/7. This token is only available to institutional clients of JPMorgan Chase through Kinexys, does not support public trading, and is not open to retail clients.